Week Ending 01/04/13: $527.00 Jan 6, 2013 0:59:28 GMT -5
Post by JDSoCal on Jan 6, 2013 0:59:28 GMT -5
Heard a great quote from the guy hired to make AT&T more innovative, John Donovan:
"Invention is creating something new. Innovation is where you consummate things with the customer."
Good ideas are useless without a market to sell them into. This is the genius of Steve Jobs and Apple that so many simpleton Apple observers* don't understand.
*Not referring to anyone here (unless a BI writer is lurking).
Speaking (so brilliantly that I shall quote myself) of simpletons who are unable to understand innovation, this article from Fortune in July lays out just how amazing it is that MSFT was ever successful:
Microsoft had a touch-screen e-reader developed in 1998, but Bill Gates nixed it because he “‘didn’t like the user interface, because it didn’t look like Windows,’ a programmer involved in the project recalls.” The team that developed the reader was told to stop coming up with new ideas and instead work on software for Microsoft Office that would be instantly profitable. A founder of the group says, “We couldn’t be focused anymore on developing technology that was effective for consumers. Instead, all of a sudden we had to look at this and say, ‘How are we going to use this to make money?’”
And this more recent article on MSFT is just devastating:
Microsoft Is Fast Turning Into A Sideshow
I honestly believe MSFT will ultimately have a RIMM-like decline.